What Tether Gold is designed to do
Tether Gold (XAUT) is a fiat-backed stablecoin, currently ranked 37th by market capitalization among the assets we track. Tether Gold is a tokenized claim on reserves held by its issuer. The design goal is a stable peg, which makes the relevant questions about Tether Gold reserve quality and redemption, not upside.
Tether Gold (XAUT) is a digital asset backed by physical gold, allowing users to trade and hold a representation of gold in a blockchain-based form. It combines the stability of gold with the efficiency of blockchain technology.
How the peg is meant to hold
A fiat-backed stablecoin holds its peg through redemption: if XAUT trades below its target, arbitrageurs buy it cheap and redeem at par, and vice versa. That arbitrage only works if redemption is real and reserves are sufficient.
Tether Gold reaches agreement on transaction order through Ethereum consensus (currently proof of work, will be proof of stake later on).
Background & fundamentals
Tether Gold first went live in 2020, giving it roughly 6 years of on-chain price history to draw on. Governance is structured as Decentralized, so no single company controls issuance or protocol changes. The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in XAUT.
CoinPaprika classifies the project's development status as "Working product". In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20) and Real World Assets (RWA).
Where Tether Gold sits in the market
At $4,011, Tether Gold carries a market capitalization of $1.51B. Around $170.82M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 11.34% of the float — elevated, often a sign of narrative-driven trading.
Tether Gold carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. XAUT trades about -28% below its all-time high of $5,603, within reach of prior peaks. Measured from its all-time low of $415.76, XAUT is up +865%.
What the price history shows
The tape currently reads 24-hour +0.07%, 7-day -2.49%, 30-day -3.21%, 1-year +31.67%. Within its 67-day range, XAUT sits around the middle (the 27th percentile of recent daily closes).
Volatility profile
Recent action puts Tether Gold in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets. Over the last 30 days the move totals -3.21%, a useful input for stop placement and position sizing.
How to evaluate a stablecoin like Tether Gold
For an asset of this type, three lenses matter most:
- Reserve quality — what backs XAUT — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
- Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
- Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
